India’s retail inflation rate surged to a 15-month high of 7.44 per cent in July 2023, primarily driven by a rise in prices of vegetables, cereals, pulses, spices and milk and products, data released by the National Statistical Office (NSO) on Monday showed.
The inflation print had last breached the 7 per cent mark in September 2022 and the previous high for the headline retail inflation rate was recorded at 7.79 per cent in April 2022.
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